One of the first life lessons I learned at a very young age was to “slow down”. I’m not sure how many times I’ve heard that, but it almost always is good advice. I think it would be excellent advice in light of our current economic crisis.
Sure things are bad, but hurried and poorly planned spending has the potential to make things much worse. In the first place there had been an excess of consumption on debt. What a mess it has become. But why not let the system shrink back down to a sustainable size?
I wish I had more time to say all that I think about it, but one thing I can say for sure is that we need to stop spending, slow down and let the system settle a little bit more. Once it’s had time to settle into it’s new size there will be a more appropriate time to figure out how we could stimulate parts of the economy.
It’s really hard to watch the way our current government is pushing recklessly forward to spend so much money that it doesn’t have.